Australia is making more than 6700 km 2 of land available for gas exploration.
Australia is making more than 6700 km2 of land available for gas exploration. Twelve blocks are open to tender across Queensland’s Bowen and Surat basins between Blackwater and Goondiwindi. The five areas are: 2501 km2 near Rolleston; 2642 km2 between Blackwater and Banana; 882 km2, south of Theodore; 703 km2, 30 km south of Moonie; 18 km2, 15 km south-west of Wandoan. The state later released another 1500 km2 of land for leasing in five parcels.
The Trump administration has postponed two auctions that had been set for later in June after postponing a sale in New Mexico in May.
The deadline for the submission of the licensing round applications for the Lebanon Second Offshore Licensing Round, initially set for 31 January 2020 and later postponed to 30 April 2020, has been extended to 1 June 2020 due to the coronavirus pandemic.
Eni and Fincantieri have extended their R&D agreement, first signed in 2017. The joint venture will develop initiatives in the field of decarbonisation and circular economy. The activities will focus mainly on waste to energy, production and transport of energy carriers as natural gas, methanol or hydrogen, fuel cells applications and the development of offshore renewable technologies.
SeaBird Exploration has reported a first quarter loss of -$334,000 on revenues of $25 million compared to a loss of -$400,000 on revenues of $12.3 million in Q1 2019. EBITDA of $1.8 million is down from $2.7 million in Q1 2019. Utilization of 44% is down from 76% in Q1 2019. The company has signed a loan agreement for $16m.
Ikon Science and Fairfield Geotechnologies have opened a shared office in the US city of Denver. ‘Our partnership with Fairfield and shared office in Denver are part of our global expansion in unconventional markets,” said Mark Bashforth, CEO, Ikon Science.
